Bitcoin Price Ready to Push Above Key Resistance to Hit $10,000

Bitcoin (BTC) price sees a tremendous start of the year as it surged 25% year-to-date. Not only has Bitcoin been flourishing over the past few weeks, but altcoins have also been following along. Will Bitcoin continue the upward momentum, or is it a temporary top close? Crypto market daily performance. Source: Coin360 Bitcoin breaks the 7-month downtrend The price of Bitcoin broke through the downtrend a few weeks ago, which marked the possible end of the downwards pressure. The slight test of $7,600 confirmed this breakout, after which price continued…

Grasping Lightning: Mapping the Key Players in Bitcoin’s Next Phase

You might have heard of bitcoin’s “lightning network,” but don’t know what’s going on with it right now. Who are the mysterious big players behind this magical technology that allegedly solves all of bitcoin’s problems?   Lightning is one of the most promising technologies in the space right now, even drawing in Square and Twitter CEO Jack Dorsey. Given current technical constraints, blockchains don’t support many users, let alone the world’s population. Lightning could multiply the transactions possible, while making transactions faster (like a millisecond) and cheaper.  Nerds have eagerly been…

Altcoin Season? Crypto Assets Will Surge If They Break Past This Key Level

Since early-2018’s market crash, crypto investors have been waiting for altcoins, digital assets that are not Bitcoin (BTC), to surge higher. Unfortunately for these investors, this hasn’t happened yet, with Bitcoin’s dominance rallied from 33% to a high of 71% last year in 18 months’ time, surging on the deaths of altcoin projects. But, it appears that a new altcoin season, best known as an “altseason” within the cryptocurrency trading community, is right on the horizon. Related Reading: This Late Night Host Just Exposed Millions to Bitcoin, Again Crypto Assets May…

Binance CEO Says Compliance Is Key for New Strategic Partnership in Japan

Binance, one of the top cryptocurrency exchanges globally, has started discussions regarding a  strategic partnership with two Japanese firms. According to a press release on Jan. 17, Binance has begun negotiations with Z Corporation, a subsidiary of Z Holdings formerly known as Yahoo Japan and TaoTao, a Japanese licensed cryptocurrency exchange.  The exact details of the partnership have not been revealed as of this moment, but Binance said Z Corporation and TaoTao would “continue discussions and deliberations with Binance and begin preparation to launch trading services for users in Japan”. …

This Scenario Will Trigger A New Ripple Rally: Key Levels To Watch

Ripple corrected lower sharply from $0.2450, but it found support near $0.2200 against the US Dollar, similar to bitcoin near $8,500. XRP price is recovering, but it must surpass $0.2360 for a fresh rally. Ripple price is showing positive signs above the $0.2250 and $0.2280 support levels against the US dollar. The price is facing hurdles near the $0.2350 and $0.2360 levels. There is a new contracting triangle forming with resistance near $0.2360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must climb above…

Ripple (XRP) Price Testing Last Line Of Defense: Here Are Key Reversal Levels

Ripple is down more than 4% after it was rejected near $0.2450 against the US Dollar, similar to bitcoin near $8,900. XRP price is now approaching the key $0.2230 and $0.2200 support levels. Ripple price declined steadily after forming a short term top near $0.2451 against the US dollar. The price is down more than 8% from the recent high and it is now well below $0.2320. Recently, there was a break below a key triangle support at $0.2234 on the hourly chart of the XRP/USD pair (data source from…

Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K

Bitcoin (BTC) price has at last crossed above the $8,300 resistance, setting the digital asset up for a run at $8,500 and restoring bullish momentum to the current uptrend which has seen the price rise from $7,655 to $8,536 over the past week.  Cryptocurrency market weekly overview. Source: Coin360 For the second time in a week, the price rose above the oft-referenced descending channel trendline which has served as a long term resistance for the last 7 months. While there are some traders who will have bought the breakout above…

This Key Sign Shows Bitcoin Bulls Are Accumulating: Important Levels to Watch

Bitcoin price is confined in a range below the key $8,200 resistance against the US Dollar, suggesting a short term accumulation phase. BTC could either rally above $8,200 or it might dip to $7,700 before a decent bounce. Bitcoin is moving in a range between $8,200 and $8,000 against the US Dollar. The bulls are likely aiming an upside break above the $8,200 resistance area. There is a key bearish trend line forming with resistance near $8,170 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…

This Scenario Will Trigger A New Ethereum Rally: Key Levels To Watch

Ethereum is showing positive signs above the $142 and $140 supports versus the US Dollar. ETH is likely to smash $148 and $150 to start a new rally, especially if bitcoin rallies above $8,200. Ether price is holding the key $140 and $142 support levels against the US Dollar. The price is struggling to clear $148, but there are high chances of an upside break. There is a key breakout pattern forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct…

Ethereum Price Diving: Can Bulls Save This Key Support?

Ethereum extended its decline below the $140 support versus the US Dollar, while bitcoin dived below $8,000. ETH bulls must protect the $135 support to start a decent recovery. Ether price failed to recover and declined further below $140 against the US Dollar. The price is currently approaching the main $135 support and pivot area. There is a new connecting bearish trend line forming with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline heavily if it fails to stay above the…